Cra 2025 Mileage Rate. 2025 Mileage Reimbursement Rate Chart Blanca Fortin The following changes to limits and rates will be taking effect as of January 1, 2025: The ceiling for capital cost allowances (CCA) for Class 10.1 passenger vehicles will be increased from $37,000 to $38,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2025. In the provinces, you can reimburse employees tax-free at the rate of 72 cents per mile for the first 5,000 kilometres and 66 cents for each additional kilometre.
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📢 Update: CRA Mileage Rates for 2025 Announced! The Canada Revenue Agency (CRA) has released the mileage rates for 2025, effective January 1st! In the provinces, you can reimburse employees tax-free at the rate of 72 cents per mile for the first 5,000 kilometres and 66 cents for each additional kilometre.
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Vehicle mileage can be claimed provided you have a travel mileage log book 📢 Update: CRA Mileage Rates for 2025 Announced! The Canada Revenue Agency (CRA) has released the mileage rates for 2025, effective January 1st! The Canada Revenue Agency (CRA) provides mileage rates and reasonable automobile allowances for those who need to use their personal vehicles for work-related purposes.
Cra Mileage Rate 2024 Corine Jenilee. The Canada Revenue Agency rate for 2025 is CAD $0.72/km for the first 5,000 km, then CAD $0.66/km thereafter If you choose the simplified method, claim in Canadian or US funds a flat rate of $23 per meal (for the 2024 tax year), to a maximum of $69 per day (sales tax included) per person, without receipts
Mileage Allowance 2025 Cra Christopher Nolan. You can find the historical reasonable per-kilometre allowance rates for the past 7 years in the table below. Vehicle mileage can be claimed provided you have a travel mileage log book